Derby is a major commercial center in the East Midlands region, located approximately 8 miles west of Junction 25 of the M1 motorway and 40 miles northeast of Birmingham. The city has a population of around 250,000 people, with 2.2 million people within a 45-minute drive time. The area has a stable industrial employment base, with historic connections to the rail industry and Rolls Royce Engineering, as well as other major employers such as Alstom, Toyota, and Royal Crown Derby. Chellaston is a popular residential suburb located on the southern outskirts of Derby, with a population of around 15,000 people and good access to the Derby southern bypass. The property, a parade of nine flats above retail shops, is situated in a densely populated residential area with a strong demand for residential accommodation. The flats are well-sized, with three bedrooms and a total floor area of 70.32m² (757ft²) per unit, and are let on ASTs with the potential for increased rents as and when the flats become vacant.